Anyone who drives a car needs some financial security which will cover any losses when accidents happen on the road. Any incidental expenses due to road accidents may be too much for a car owner to handle especially if his car is not covered by any insurance. You may be the safest driver on earth but others are not and this may pose problems and unavoidable accidents.
Insurance rates differ depending on various reasons including the age of the driver, type of vehicle, driving history, and more. For first time drivers, the car insurance rate is usually higher compared with more veteran and experienced drivers. This is because young drivers often pose higher risk. More likely insurance providers will often spend for the mishaps of many first time drivers causing the rate to increase more considerably.
If you are a first time driver and hate the high car insurance premiums you have to pay, try to be creative and learn some tricks in order to find lower car insurance rates.
If it is your first time to have your own car, most likely your parent’s will refer you to their car insurance provider. Although your parents may try to help you out by sending you to insurance agents they know, this however is not the best thing to do. Your parent’s insurance provider most likely caters to non-first time drivers or regular drivers. This is what they are specializing and they might give exceedingly higher rates to first time drivers because of the accompanying risks which comes with every young drivers. Instead, look for insurance companies which specialize in providing services for first time drivers. There are insurance companies online which offer low premiums for first time drivers and who dedicate their service solely for first time drivers. These types of insurance service providers will give you lower rates compared with regular insurance companies like the provider your parents have.
The reason why first time drivers are considered high risks because often these are young individuals who are trying to have some fun enjoying their new acquired independence – which is owning and driving their new toy hence, they can be irresponsible at times especially while on the road. Showing your good grades to the insurance provider may convince them (although hard at times, but it is worth the try) to lower your rate. Studies show that students with good grades are less likely to meet accidents on the road and are more responsible compared with the easy go lucky students. Some insurance providers may understand this and might give you the needed decrease in car insurance premium.
Finally, don’t commit immediately to the first auto insurance you come across with. Scout for different premium rates and most likely you will find a cheaper rate. If you want lower insurance premium, you should choose your car wisely. More expensive cars and those sporty types of cars have higher insurance premiums compared with regular and less expensive cars. If you don’t want to pay for high premiums, don’t choose a flashy car.